Barclays bosses rake in bumper windfalls
NINE top Barclays bankers have been handed a £36million bonanza.
They include chief executive Jes Staley, who got nearly £300,000 worth of shares for just three months’ work.
The fatcats’ windfall was announced weeks after Barclays reported a full year loss of nearly £2billion.
That didn’t stop them setting aside £14million worth of bonuses in shares for the bigwigs for last year.
All but American banker Staley shared a further £18million, made up of older reward schemes and bonuses others forfeited after being poached from rivals. The nine also shared £1.7million for another annual scheme, and £2million in shares for the first three months of this year. Staley, who is being investigated by City watchdogs for a whistleblowing scandal, could get £4million of the £14million pot. But the final value will depend on how Barclays performbetween now and 2020. Finance chief Tushar Morzaria was For chief Jes Staley granted £2.6million from it. The eight who get £18million had to sell half their shares to meet tax.
But they were still left with a handy £9.3million between them.
The biggest chunk of that went to Tim Throsby, Barclays’ head of corporate and investment banking, mostly to cover bonuses he gave up when he left JP Morgan Chase.
Stefan Stern, director of the High Pay Centre, said: “They may have hit their targets but average Barclays customers have seen branches close and business customers have had a mixed experience.” Oil Royal Mail RSA RBS J Sainsbury SSE Severn Trent Serco Sports Direct Shell Sky Smith & Nephew Smiths WH 567.6 635.0 262.6 245.1 1233.5 1818.5 93.5 367.2 2278.0 1326.5 1329.5 2040.0 +1.0 -0.2 +0.8 +2.1 -23.5 -7.5 -0.6 +0.2 -9.5 -11.5 -1.5 +2.0 NEARLY 1.14million county court judgments were issued against people in England and Wales last year, the highest since records began in 2005. The figure was almost a quarter higher than in 2016, according to figures collated by Registry Trust. Euro .................................................. 1.096 Australian Dollar .......................... 1.708 Bulgarian Lev ............................... 2.045 Canadian Dollar ............................. 1.718 Croatian Kuna ............................... 7.874 Czech Koruna ............................. 26.850 Egyptian Pound .......................... 21.239 New Zealand Dollar ..................... 1.825 Polish Zloty ................................... 4.368 South African Rand ................... 15.744 Swiss Franc ..................................... 1.275 Thai Baht ..................................... 40.872 Turkish Lira ................................... 4.964 UAE Dirham ................................... 4.895 US Dollar ......................................... 1.352